The Argentine Central Bank issued Communication “A” 7518, which provides some flexibility on the obligation to settle in the official foreign exchange market proceeds related to exports of certain services, both for individuals and legal entities.

Today the Central Bank of the Argentine Republic (“CBAR”) issued Communication “A” 6776 clarifying certain aspects of the new exchange control regime established by Executive Decree No. 609/2019 and Communication “A” 6770 issued by the CBAR. The main clarifications made are the following: i. Export of Goods: The maximum repatriation…